Moniepoint Microfinance Bank Chief Executive Officer (CEO) Babatunde Olofin has stated that Africa's finance future will not be determined by depending on foreign insight but on homegrown solutions, including a progressive policy environment, sound regulatory oversight and informed advocacy through the media. Olofin stated this at the 2025 annual conference of the Finance Correspondent Association …
With the persisting food crisis in Nigeria and lingering effects on households, the Centre for Gender Economics in Africa (CGE Africa), has called on governments at all levels to prioritise inclusion of women in planning and decision-making processes regarding food security. The centre observed that current realities show that women, as managers of households, mostly bear …
As Nigeria pushes for a digital revolution to drive economic growth, the Lagos Business School (LBS) has projected that the country's e-commerce market will exceed $16 billion by 2030. The Dean of Lagos Business School, Professor Olayinka David-West, stated this on Saturday in Lagos, at the 35th annual conference of the Finance Correspondents Association of …
Dangote Refinery has suspended direct sales of petroleum products to marketers from its gantry with effect from Thursday, September 18. This was disclosed in an email signed by the company’s Group Commercial Operations Department, sent to marketing partners on Friday. The latest move means marketers can no longer pick up products directly from the refinery's …
The management of Dangote Refinery has challenged the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and any other party dissatisfied with its recent publication on fuel subsidy claims by marketers to seek redress through the appropriate legal channels, rather than resorting to ultimatums. The refinery's management, in a statement on Wednesday, September 17, said …
At least 10 persons have been confirmed dead after the tragic fire accident that occurred at Afriland Towers on Broad Street, Lagos Island on Tuesday, September 16. This is as United Capital, a financial and investment services firm that occupied the 3rd and 4th floors of the building, confirmed that six of its staff died …
Nigeria's oil and gas sector reforms have delivered 28 Field Development Plans with $18.2 billion worth of investment commitments in 2025 alone, says Engr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Komolafe said these commitments are also expected to unlock 1.4 billion barrels of oil and 5.4 trillion cubic feet (TCF) …
Nigerian carrier, Aero Contractors, has embarked on a transformative journey to establish African self-reliance in aircraft maintenance through significant upgrades to its Maintenance, Repair, and Overhaul (MRO) facilities. Investing in the upgrade and expansion of the company’s MRO capabilities is considered by industry stakeholders as a strategic initiative that marks a pivotal shift from Africa's historical dependence on …
Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has said all it wants is a mutually-beneficial deal with the Dangote Refinery. DAPPMAN said its members are in support of the Dangote refinery but need better collaboration with the management of the refinery to serve Nigerians better in the supply of petroleum products. This comes …
The decision by OPEC+ to increase oil output by an additional 137,000 barrels per day (bpd) in October 2025 reflects a nuanced shift in global oil market management. For Nigeria, a member of OPEC, this move has significant implications for production and the economy. Pinnacle Daily reports that the group, which includes OPEC members plus …
